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Strategy and Implementation Summary
What is your common approach to make your business a winner and how will you attain this?
Dancewear Store Marketing Strategy
What are the genuine ways you are going to exercise in order to promote your Dancewear Store business to your existing and prospective customers. You can in addition add the outlay involved in doing this and strategies involved in lowering your marketing overheads and how your marketing strategy can target your customers better. For instance if you are using Pay Per Click as a way to go for Dancewear Store patrons you could draw on long tail keyword search phrases to a certain extent than succinct generic words. This should lower your Pay Per Click costs as well as laser targeting your patrons; although it will of course take longer to set up. Read more about marketing strategy.
Dancewear Store Pricing Strategy
What stratagem did you use to get your selling prices for your products and services? Are you going to use cost-plus pricing, limit pricing, loss leaders, market-oriented pricing, penetration pricing, price discrimination, premium pricing, predatory pricing, contribution margin-based pricing, psychological pricing, dynamic pricing, target pricing, absorption pricing, high-low pricing, marginal-cost pricing, odd pricing, freemium or pay what you want pricing?
Check out this article on pricing up your products
Promotion Strategy
What promotion strategies are you going to put into practice to get the sound out about your services and products to your possible patrons - are you going to do media releases, run events, networking, sales pitches, follow-ups, have promotional products?
Business Competitive Edge
Do you have some advantage above your competitors that you can exploit to your gain? Are you able to keep your costs lower than your rivals so that you are at all times the cheapest? Do you have a prime position? Are you the originator or the only one to provide a service or product? Are you capable of staying ahead of the opposition and if so what enables you to do this? Do you have a good brand, trademarks, patents or a licence?
Web Strategy
Are you just going to have nothing at all or an all singing and dancing website with bells and whistles on? In most case it is going to be something in-between these two, and you ought to reason long and hard where your company is going to position itself. You can go and see this website and get more information regarding putting your Dancewear Store business online.
Sales Strategy
How are you going to pick up sales for your Dancewear Store business in the first place and how are you going to build up or sustain sales as time goes on? How much are your sales going to cost you? Make sure you know what questions to ask of your would-be patrons and know the answers to likely questions they will ask you. How are you going to make a bond with your clients to get future sales from them? How are you going to check your sales? Do you want to increase your sales?
Formulating a good business proposal will increase your chances of getting a sale. Use this sample Dancewear Store business proposal to assist you.
Management Summary
Management Team
Who are the core players in your company?
Dancewear Store Organizational Structure
What is the hierarchy of your company - who is the manager of every division in your company?
Personnel Plan
This ought to be a list of everyone in your business, how much they are paid and what if any share options they have for now and in the future. You can also add what type of contracts they have, long and short term and whether that is expected to alter in the future or not.
Dancewear Store Financial Plan
Will you bring in all your own funding or will it be an assortment of your funds, bank loans, or angel investors? Do you need help in writing your financial plan?
Dancewear Store Break Even Analysis
How long will it take to get your capital investment back by means of sales of your products and services. You ought to represent this in graphical form. You can obtain free breakeven analysis including a spreadsheet and simple examples.
Dancewear Store Profit and Loss
You can denote profit and loss in the form of a monthly and yearly bar chart as well as tables. Obviously these should be revised as your business goes along on a monthly base. You can obtain a free profit and loss spreadsheet to assist you.
Dancewear Store Cash Flow
You ought to have charts and tables to demonstrate your cash balance and your net cash flow. Download a free cash flowspreadheet.
Appendix
This should comprise all your necessary info which makes your business operate efficiently. This should be your business financials - so all your tables of numbers, tax returns, inventory estimates and personal and business credit history information. The information in the appendix is highly confidential and ought to only be given to likely investors.
Exit Strategy
How exactly are you going to sell your Dancewear Store Business?
Dancewear Store Business Plan Page 1 | Dancewear Store Business Plan Page 2
Useful Dancewear Store Resources
Dancewear Store Marketing Plan | Dancewear Store Equipment | Dancewear Store Online
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